Question: What is the full form of MRP?
- Maximum Retail Price
- Minimum Retail Price
- Market Retail Price
- Manufacturer Recommended Price
Answer: A. Maximum Retail Price
MRP Full Form Solution:
Full-form is the Maximum Retail Price and the highest price at which a product can be sold to a customer.
- It also helps to maintain a fair and competitive market.
- It helps them plan and manage resources such as materials, labor, and machinery efficiently to meet production demands and optimize processes.
25000 In Words
Written in words, it emphasizes clarity and formality, especially in legal or financial documents. For instance, a company might report annual revenues of twenty-five thousand dollars, or a town might celebrate reaching a population milestone of twenty-five thousand residents. This practice of writing numbers in words helps avoid ambiguity, ensuring accurate communication. Whether in contracts, reports, or everyday communication, expressing 25,000 as “twenty-five thousand” underscores its importance and fosters better understanding.
